CORPORATE GOVERNANCE IN NIGERIA: A COMPARATIVE APPROACH

Abstract

Corporate governance is a new international advancement. It has grown to become a point of interest among many researchers, explorers, investors and the government of many countries of the world. It was necessitated by the challenges the corporate sector was facing in time past. Recently, more light is beamed into the corporate sector through corporate governance and various codes to enhance corporate practice all over the world. The role of the corporate sector in the economy of many nations cannot be over emphasized. Thus, the success or failure of the corporate world depends largely on its successful corporate governance. Before now, corporate governance was neglected in Nigeria. But recently, it has become a point of interest. This paper, through the machinery of doctrinal research of some primary and secondary materials, tries to examine the concept of corporate governance in Nigeria as well as to compare the state of corporate governance in Nigeria with another jurisdiction of the world vis-à-vis the United States of America (USA) with a view to ascertaining the strength and weakness of corporate governance practice in Nigeria and this other country, and certain recommendations were made, part of it being that that government should strive towards a good corporate practice if they must succeed in their war against corruption in Nigeria.